NOT LISTED FOR SALE

1515 Catherine Simmons Ave Charlotte, NC 28216

Lincoln Heights Neighborhood

Estimated Value: $225,000 - $270,000

4 Beds
2 Baths
1,314 Sq Ft
$191/Sq Ft Est. Value

Last Sold August 25, 2017

Last sale price $120,000 $91 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,571/month

428 Days on Market

About This Home

As of August 2017

CALLING ALL INVESTORS! GREAT OPPORTUNITY TURN KEY currently leased $1,500/MONTH ! Great Investment property! Roof (2015), NEW Paint (2015), NEW windows (2015), NEW updates (2015). Fabulous cash flow right away. Taxes $$914/annual. DO NOT DISTURB TENANTS. Other turnkeys available. 750/mo = MTM, and the other $750 ending 7-31-2017.

Last Agent to Sell the Property

Bonnie Laslo

Real Estate Realty LLC License #279057 Listed on: 04/26/2016

Last Buyer's Agent

Donnie Lassiter

The Plumb Line Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,841

Parking

  • Gravel Driveway

Home Design

  • Duplex

Flooring

  • Wood
  • Vinyl

Additional Features

  • 2 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 075-044-45

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.90909
  • Ratio Close Price By Original Li: 0.88889
  • Ratio Current Price By Acre: 666666.67
  • Ratio Current Price By Sq Ft: 91.32
  • Year Built: 1961
  • Property Features: Dishwasher, Porch/Patio, Range/Oven, Refrigerator, W/D Connection
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), CO Detector, Electric Range, Electric Oven
  • Flooring: Vinyl, Wood
  • Laundry Location: Main
  • Total Sq Ft: 1314

Exterior Features

  • Construction: Brick Partial
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Earth, Gravel
  • Parking: Driveway, Parking Space - 1, Parking Space - 2

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 50X150
  • Lot Size Area: 0.180
  • Parcel Number: 075-044-45
  • Zoning: Residential
  • Zoning Specification: R5

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 64100.00
  • Tax Location: Charlotte

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2020
Sold by
Mitchell Aaron S
Bought by
Mitchell Frank L and Mitchell Kate L
Current Estimated Value
$256,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Outstanding Balance
$116,595
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$144,976

Purchase Details

Listed on
Apr 26, 2016
Closed on
Aug 24, 2017
Sold by
Buy My Freedom 101 Llc
Bought by
Mitchell Aaron S
Seller's Agent
Bonnie Laslo
Real Estate Realty LLC
Buyer's Agent
Donnie Lassiter
The Plumb Line Realty, Inc.
List Price
$135,000
Sold Price
$120,000
Premium/Discount to List
-$15,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$82,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 23, 2015
Closed on
Feb 12, 2016
Sold by
South Park Trust Services Llc
Bought by
Buy My Freedom 101 Llc
Seller's Agent
Bonnie Laslo
Real Estate Realty LLC
Buyer's Agent
Bonnie Laslo
Real Estate Realty LLC
List Price
$96,000
Sold Price
$95,000
Premium/Discount to List
-$1,000
-1.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.50%
Original Mortgage
$76,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2015
Sold by
Capital Projects Llc
Bought by
Sourth Park Trust Services Llc and 072920151515 Catherine Simmons Charity L

Purchase Details

Closed on
Jan 12, 2006
Sold by
Jenkins Bruce and Stevenson Jenkins Joanne
Bought by
Rosario Georgette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,120
Interest Rate
6.18%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mitchell Frank L -- None Available
Mitchell Aaron S $120,000 None Available
Buy My Freedom 101 Llc $95,000 None Available
Sourth Park Trust Services Llc $52,500 Attorney
Rosario Georgette $62,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Frank L $129,500
Closed Mitchell Aaron S $82,500
Previous Owner Buy My Freedom 101 Llc $76,000
Previous Owner Rosario Georgette $49,120
Previous Owner Jenkins Bruce R $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2017 08/25/17 Sold $120,000 -11.1% $91 / Sq Ft
06/28/2017 06/28/17 Pending -- -- --
04/26/2016 04/26/16 For Sale $135,000 +42.1% $103 / Sq Ft
02/12/2016 02/12/16 Sold $95,000 -1.0% $73 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
12/23/2015 12/23/15 For Sale $96,000 +186.6% $74 / Sq Ft
04/24/2015 04/24/15 Sold $33,500 +11.7% $26 / Sq Ft
01/24/2015 01/24/15 Pending -- -- --
10/06/2014 10/06/14 For Sale $30,000 -- $23 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,964 $229,800 $22,200 $207,600
2022 $1,645 $144,400 $15,000 $129,400
2021 $1,623 $144,400 $15,000 $129,400
2020 $1,608 $144,400 $15,000 $129,400
2019 $1,577 $144,400 $15,000 $129,400
2018 $1,096 $71,800 $10,000 $61,800
2017 $1,055 $71,800 $10,000 $61,800
2016 $900 $64,100 $10,000 $54,100
2015 $914 $64,100 $10,000 $54,100
2014 $901 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3166889

Canopy MLS (Canopy Realtor® Association)

APN: 075-044-45